Updated about 6 years ago on . Most recent reply
Are there really this many bad deals?
So I am looking to purchase my first property in Ewing New Jersey (after looking at multi family (2-4) in other parts of jersey and NYC), and after doing about 20 calculations for rental properties in the area, and it seems that I have only found 2-3 that even positively cash flow and 1 that would give a significant amount of cash flow (over 10%). Being new, I am wondering if I am being too overprotective with some numbers for the costs for some homes, or is that on average How difficult it is to find a good deal?
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Mike Dymski
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Mike Dymski
#5 Investor Mindset Contributor
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#5 Investor Mindset Contributor
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- Greenville, SC
Analyze 100, offer on 10, buy 1...or something similar. REI is all about deal flow...lots of it.